Bid Guaranty.Each bid received for a construction contract must be accompanied by a bid guaranty of five percent (5%) of the amount bid. The bid guaranty shall be in the form of a certified check, ban

Description

k draft, US Government Bond at par value or a bid bond secured by a Surety Company licensed to do business in North Carolina. For contracts using federal funds, the Surety Company must also be approved by the US Department of the Treasury and must either hold a certificate of Authority from such Department or be listed in the current Department Circular 570.